Quick depot buys tools from a supplier with an invoice amount of $19,700. the terms of the sale are 15/15, n/30. what is the net

Question

atroni [7]

3 years ago

4

Quick depot buys tools from a supplier with an invoice amount of $19,700. the terms of the sale are 15/15, n/30. what is the net

amount due on the order if the bill is paid by the 15th day

Business

1 answer:

astraxan [27] · Answer 1 · 2022-06-24T21:05:24+03:00

astraxan [27]3 years ago

4 0

<span>the terms of the sale are 15/15, n/30 indicates that the sales will include a 15% discount if the payment is finished within 15 days.
So, The net value of the payment in the 15th day would be:

$ 19,700 - (15% x $ 19,700)

= $ 19,700 - $ 2955

= $ 16,745</span>